2. Invest your money and make it grow. But make sure that you only deal with legitimate people. Beware of investment scams. Don’t throw away your money on something you don’t know about.

3. Consider having a business partnership. If you can’t devote enough time to running a business, find partners who can fill in for you. As the business grows you may also need additional capital which your partners can provide.

4. Consider having a side business that you can run while still being a regular employee with a monthly salary. Networking is one side-business that you can learn to do. Ensure that you only involve yourselves with legitimate companies.

5. Put aside your money for your retirement. Find a reputable insurance company that can provide you the best offer to secure your future.

Our spending ways will definitely affect our future. We should avoid a mindset of just “living by the day” and not thinking about what tomorrow could bring.

Get The Business Mentor’s latest book “35 Tips On Business” available on E-book and paperback at www.amazon.com

(Armando Bartolome is known as the Philippines’ Franchise Guru, a mentor to numerous micro entrepreneurs who are now themselves big names in the industry. This article is reposted with the author’s permission and was previously published on The Business Mentor column posted by ABSCBN News. For questions and more information, you may contact Armando “Butz” Bartolome by email: philfranchiseguru@gmail.com or on Twitter @philfranguru. His website is https://www.gmbmsglobal.com/ )